saafend_seagull
Well-known member
Maybe a silly question - but how do transfer fees get translated into the club accounts, e.g. in terms of FFP and profit/loss? If we paid (say) £2.5m for Ulloa, on a 4.5 year contract does he now count as an 'asset' on the books? And if so, valued at what? And when he scores 30+ goals in the coming year and still has 3.5 years on his contract - and we are getting , and rejecting, offers of £8million...did we just make a nice big profit (in FFP terms)? Interesting business this football.
held at cost
not fair value